Question
On it's books, a company has Cash, $100; Accounts Receivable, $50, Equipment, $250, and Accounts Payable of $125. The equity on the company's books is:
On it's books, a company has Cash, $100; Accounts Receivable, $50, Equipment, $250, and Accounts Payable of $125. The equity on the company's books is:
Group of answer choices
- $400.
2. $275.
3.$325.
4.$525.
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Financial Accounting
Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby
4th Canadian Edition
0070001499, 9780070001497
